JPMorgan Chase & Co. Has Lowered Expectations for Charles Schwab (NYSE:SCHW) Stock Price

Key Points

• JPMorgan lowered Charles Schwab’s price target from $150 to $147 but maintained an “overweight” rating, implying roughly 59% upside from the reported $92.49 share price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $118.95; other firms issued targets ranging from $120 to $141.
• Schwab exceeded quarterly EPS expectations at $1.69 versus $1.66, while revenue rose 16.9% to $7.17 billion but slightly missed estimates. The company’s indication that 2026 revenue and net-interest-margin growth may be at the low end of its prior range appears to be weighing on expectations.

Charles Schwab (NYSE:SCHW - Get Free Report) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $150.00 to $147.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 58.93% from the stock's previous close.

SCHW has been the subject of a number of other research reports. Jefferies Financial Group set a $120.00 target price on shares of Charles Schwab in a research note on Friday. TD Cowen lifted their price objective on Charles Schwab from $128.00 to $129.00 and gave the stock a "buy" rating in a report on Monday. Morgan Stanley lifted their price objective on Charles Schwab from $136.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, October 9th. Weiss Ratings upgraded Charles Schwab from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, September 10th. Finally, Compass Point initiated coverage on Charles Schwab in a report on Monday, August 3rd. They issued a "buy" rating and a $135.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average price target of $118.95.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded down $1.67 during midday trading on Friday, reaching $92.49. 4,415,343 shares of the company's stock traded hands, compared to its average volume of 10,035,072. Charles Schwab has a 1 year low of $83.96 and a 1 year high of $114.53. The company has a market cap of $159.95 billion, a P/E ratio of 16.80, a PEG ratio of 0.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The company has a fifty day simple moving average of $104.81 and a two-hundred day simple moving average of $98.19.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.18 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The firm's revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 EPS. Equities analysts predict that Charles Schwab will post 6.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paula Sneed sold 5,263 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the transaction, the director directly owned 91,711 shares in the company, valued at $9,826,833.65. The trade was a 5.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nigel Murtagh sold 32,947 shares of the company's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $104.01, for a total value of $3,426,817.47. Following the completion of the sale, the insider owned 57,972 shares of the company's stock, valued at $6,029,667.72. This trade represents a 36.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 645,582 shares of company stock worth $69,553,935. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Charles Schwab

A number of hedge funds and other institutional investors have recently modified their holdings of SCHW. Goelzer Investment Management Inc. increased its holdings in shares of Charles Schwab by 9.5% during the 3rd quarter. Goelzer Investment Management Inc. now owns 45,738 shares of the financial services provider's stock worth $4,470,000 after buying an additional 3,980 shares during the last quarter. Annex Advisory Services LLC increased its stake in Charles Schwab by 52.1% during the third quarter. Annex Advisory Services LLC now owns 5,183 shares of the financial services provider's stock worth $507,000 after acquiring an additional 1,775 shares during the last quarter. Riverbend Wealth Management LLC increased its stake in Charles Schwab by 6.9% during the third quarter. Riverbend Wealth Management LLC now owns 2,883 shares of the financial services provider's stock worth $282,000 after acquiring an additional 185 shares during the last quarter. Whitener Capital Management Inc. raised its position in Charles Schwab by 8.0% in the third quarter. Whitener Capital Management Inc. now owns 26,860 shares of the financial services provider's stock valued at $2,625,000 after purchasing an additional 1,983 shares during the period. Finally, V Square Quantitative Management LLC raised its position in Charles Schwab by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 30,561 shares of the financial services provider's stock valued at $2,987,000 after purchasing an additional 876 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Charles Schwab

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab reported third-quarter adjusted EPS of $1.69, above the $1.66 consensus, while revenue rose 16.9% year over year to a record $7.17 billion. Net income reached approximately $2.9 billion. Schwab Q3 Earnings Beat Estimates
• Positive Sentiment: Core net new assets hit a record $190.4 billion, up 38% year over year, lifting total client assets to $13.33 trillion. Schwab also added about 1.2 million brokerage accounts, supporting future fee and interest revenue. Schwab Delivers Record Net New Assets and Earnings
• Positive Sentiment: Analysts remain broadly constructive. Citizens JMP reaffirmed a “market outperform” rating with a $120 price target, while other analysts largely maintained bullish views despite some target reductions. Analysts Revise Schwab Forecasts
• Positive Sentiment: Management highlighted rising trading activity, stronger lending and plans to expand cryptocurrency access, tax-aware products and AI-enabled tools such as Schwab’s “Charlie” assistant. These initiatives could broaden client engagement and revenue over time. Schwab CEO Sees Crypto as a New Revenue Engine
• Neutral Sentiment: Schwab is restricting unauthorized AI agents from accessing client accounts while developing controlled integrations. The move may reduce security risks but could limit near-term third-party AI adoption. Schwab Blocks Unauthorized AI Agents
• Negative Sentiment: Revenue fell slightly short of expectations, and Schwab indicated that 2026 revenue and net interest-margin growth could land at the lower end of its previous range. That softer outlook appears to be outweighing the EPS beat. Schwab Sees Growth at Lower End of Prior Range
• Negative Sentiment: Truist cut its price target, and valuation models have also been trimmed as investors question the durability of rapid client and asset growth. The result has been a negative market reaction even though the underlying quarter was strong. Schwab Price Target Cut by Truist

Charles Schwab Company Profile

Charles Schwab Corporation NYSE: SCHW is a financial services company that provides brokerage, investment, banking and wealth management services to individual investors, employers, institutions and independent investment advisors. Its offerings include online and mobile trading, securities brokerage, retirement accounts, financial planning, portfolio management, banking products, research and access to mutual funds and exchange-traded funds.

The company operates through businesses including Schwab Brokerage, Schwab Wealth Advisory, Schwab Asset Management and Charles Schwab Bank.

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